Topsail Wealth Management LLC Invests $64.71 Million in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Topsail Wealth Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,290,927 shares of the company’s stock, valued at approximately $64,714,000. Vanguard Tax-Exempt Bond ETF comprises about 13.8% of Topsail Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Topsail Wealth Management LLC owned 0.20% of Vanguard Tax-Exempt Bond ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oarsman Capital Inc. acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the fourth quarter valued at $28,000. Nemes Rush Group LLC lifted its position in Vanguard Tax-Exempt Bond ETF by 1,238.3% in the 4th quarter. Nemes Rush Group LLC now owns 629 shares of the company’s stock valued at $32,000 after purchasing an additional 582 shares during the last quarter. Advantage Trust Co acquired a new position in Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at about $42,000. Cromwell Holdings LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 4th quarter worth about $48,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the fourth quarter valued at approximately $57,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.3 %

Shares of NYSEARCA VTEB opened at $48.77 on Friday. Vanguard Tax-Exempt Bond ETF has a 12-month low of $47.02 and a 12-month high of $51.17. The stock has a 50 day simple moving average of $49.50 and a 200-day simple moving average of $50.06.

About Vanguard Tax-Exempt Bond ETF

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.